Summit Hotel Properties (INN) Q3 FFO and Revenues Beat Estimates
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Summit Hotel Properties (INN) reported Q3 funds from operations (FFO) of $0.22 per share, surpassing the Zacks Consensus Estimate of $0.20 per share. This matches the FFO from the same quarter last year.
November 05, 2024 | 12:30 pm
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Summit Hotel Properties reported Q3 FFO of $0.22 per share, exceeding expectations and matching last year's performance.
The company's FFO exceeded analyst expectations, which is typically a positive indicator for stock performance. The fact that it matches last year's FFO suggests stability in earnings, which can be reassuring for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100